Hawk Uranium Inc. is pleased to announce that it has entered into an option agreement with Noront Resources Ltd. (”Noront”) pursuant to which Hawk has the option to acquire a 50% legal and beneficial interest in a property. The property includes 10 Claims (covering a total of 160 claim units, or approximately 6340 acres) in the “Ring of Fire” of the McFaulds Lake area, James Bay Lowlands, Ontario near Noront’s nickel copper discovery.

To earn its interest in the property, Hawk is required to:

1. Issue 400,000 common shares of Hawk to Noront immediately following approval of the option agreement by the TSX Venture Exchange;

2. Complete an aggregate of $3,500,000 in exploration expenditures on the property over a three year period (of which $1,000,000 must be incurred in the first year); and

3. Make aggregate cash payments to Noront of $400,000 within two years of entering into the option agreement (of which $200,000 must be paid in the first year). The cash payments may be satisfied, at the option of Noront and subject to the approval of the TSX Venture Exchange, by the issuance to Noront of 800,000 common shares of Hawk (at a deemed price of $0.50 per share).

The Option Agreement remains subject to required approvals by Hawk’s Board of Directors, Noront and the TSX Venture Exchange.

Upon Hawk earning its 50% interest in the property, Hawk and Noront shall form a joint management committee to further develop the property as a joint venture with Noront continuing to act as the operator.